Pursuant to Regulation 30(2) and Regulation 34 of the SEBI Listing Regulations, please find enclosed Notice convening the 40th Annual General Meeting ('AGM') and the Integrated Annual Report ....
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Morganite Crucible (India) Limited has filed the Notice of its 40th Annual General Meeting along with the Integrated Annual Report for FY 2024-25. The AGM is scheduled for Thursday, August 21, 2025 at 11:00 am via Video Conferencing. For FY 2024-25, revenue from operations stood at Rs. 17,419 lakhs (up from Rs. 16,794 lakhs in FY24), with profit after tax at Rs. 2,754 lakhs (vs Rs. 2,349 lakhs). The Board declared an interim dividend of Rs. 30 per share and is recommending a final dividend of Rs. 19 per share subject to shareholder approval. The company highlighted two strategic projects: a new Vacuum Impregnation System commissioned in 2024, and Project Compass — a pilot line for lithium-ion battery saggars scaled up to 10,000 units annually. The company holds about 40% market share in the Indian crucible industry and is a subsidiary of UK-based Morgan Advanced Materials PLC.
Routine AGM and annual report filing with no major surprise. Shareholders should note the final dividend of Rs. 19 per share requires approval at the August 21 AGM. The weak export demand flagged by the Director and the inconsistent revenue figures shown in different sections of the report may warrant a closer look at the underlying business performance.